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Indicators and strategies

M.Kiriti RSI with SMA & WMAThis script is a custom RSI indicator with added SMA and WMA moving averages to smooth RSI trends and improve analysis of momentum shifts. 1. RSI Calculation: Measures 14-period RSI of the closing price, default threshold levels at 70 (overbought) and 30 (oversold). 2. Moving Averages (SMA and WMA): - SMA and WMA are applied to RSI for trend smoothing. - SMA gives equal weight; WMA gives more weight to recent values, making it more responsive. 3.Overbought/Oversold Lines and Labels: - Horizontal lines and scale labels at 70 (overbought) and 30 (oversold) make these levels easy to reference. This indicator is useful for identifying potential reversal points and momentum trends when RSI crosses its moving averages.
Pine Script™ indicator
by kiritisai18
Enhanced London Session SMC SetupEnhanced London Session SMC Setup Indicator This Pine Script-based indicator is designed for traders focusing on the London trading session, leveraging smart money concepts (SMC) to identify potential trading opportunities in the GBP/USD currency pair. The script uses multiple techniques such as Order Block Detection, Imbalance (Fair Value Gap) Analysis, Change of Character (CHoCH) detection, and Fibonacci retracement levels to aid in market structure analysis, providing a well-rounded approach to trade setups. Features: London Session Highlight: The indicator visually marks the London trading session (from 08:00 AM to 04:00 PM UTC) on the chart using a blue background, signaling when the high-volume, high-impulse moves tend to occur, helping traders focus their analysis on this key session. Order Block Detection: Identifies significant impulse moves that may form order blocks (supply and demand zones). Order blocks are areas where institutions have executed large orders, often leading to price reversals or continuation. The indicator plots the high and low of these order blocks, providing key levels to monitor for potential entries. Imbalance (Fair Value Gap) Detection: Detects and highlights price imbalances or fair value gaps (FVG) where the market has moved too quickly, creating a gap in price action. These areas are often revisited by price, offering potential trade opportunities. The upper and lower bounds of the imbalance are visually marked for easy reference. Change of Character (CHoCH) Detection: This feature identifies potential trend reversals by detecting significant changes in market character. When the price action shifts from bullish to bearish or vice versa, a CHoCH signal is triggered, and the corresponding level is marked on the chart. This can help traders catch trend reversals at key levels. Fibonacci Retracement Levels: The script calculates and plots the key Fibonacci retracement levels (0.618 and 0.786 by default) based on the highest and lowest points over a user-defined swing lookback period. These levels are commonly used by traders to identify potential pullback zones where price may reverse or find support/resistance. Directional Bias Based on Market Structure: The indicator provides a market structure analysis by comparing the current highs and lows to the previous periods' highs and lows. This helps in identifying whether the market is in a bullish or bearish state, providing a clear directional bias for trade setups. Alerts: The indicator comes with built-in alert conditions to notify the trader when an order block, imbalance, CHoCH, or other significant price action event is detected, ensuring timely action can be taken. Ideal Usage: Timeframe: Suitable for intraday trading, particularly focusing on the London session (08:00 AM to 04:00 PM UTC). Currency Pair: Specifically designed for GBP/USD but can be adapted to other pairs with similar market behavior. Trading Strategy: Best used in conjunction with a price action strategy, focusing on the key levels identified (order blocks, FVG, CHoCH) and using Fibonacci retracement levels for precision entries. Target Audience: Ideal for traders who follow smart money concepts (SMC) and are looking for a structured approach to identify high-probability setups during the London session.
Pine Script™ indicator
by kapsevikrant5
Long-Term Pivot and Golden Crossover Strategy//@version=5 strategy("Long-Term Pivot and Golden Crossover Strategy", overlay=true) // Input for moving averages shortTerm = input.int(100, title="Short-term SMA Period") // 100-period SMA longTerm = input.int(200, title="Long-term SMA Period") // 200-period SMA // Calculate moving averages sma100 = ta.sma(close, shortTerm) sma200 = ta.sma(close, longTerm) // Golden crossover: when short-term SMA crosses above long-term SMA goldenCrossover = ta.crossover(sma100, sma200) // Calculate daily pivot points (traditional formula) pivot = (high + low + close) / 3 support1 = pivot - (high - low) resistance1 = pivot + (high - low) support2 = pivot - 2 * (high - low) resistance2 = pivot + 2 * (high - low) // Plot SMAs and pivot points on the chart plot(sma100, color=color.blue, title="100-period SMA", linewidth=2) plot(sma200, color=color.red, title="200-period SMA", linewidth=2) plot(pivot, color=color.purple, title="Pivot Point", linewidth=2) plot(support1, color=color.green, title="Support 1", linewidth=1) plot(resistance1, color=color.green, title="Resistance 1", linewidth=1) plot(support2, color=color.green, title="Support 2", linewidth=1) plot(resistance2, color=color.green, title="Resistance 2", linewidth=1) // Entry Condition: Golden crossover with price above the pivot point longCondition = goldenCrossover and close > pivot // Exit Condition: You can use a stop-loss and take-profit, or a bearish crossover stopLossPercent = input.float(3, title="Stop Loss (%)") / 100 // Wider stop loss for long-term trades takeProfitPercent = input.float(10, title="Take Profit (%)") / 100 // Higher take profit for long-term trades // Calculate stop-loss and take-profit prices longStopLoss = close * (1 - stopLossPercent) longTakeProfit = close * (1 + takeProfitPercent) // Execute strategy if (longCondition) strategy.entry("Long", strategy.long, stop=longStopLoss, limit=longTakeProfit) // Optional: Exit strategy based on a bearish crossover exitCondition = ta.crossunder(sma100, sma200) if (exitCondition) strategy.close("Long") // Strategy exit with custom stop loss and take profit strategy.exit("Take Profit/Stop Loss", from_entry="Long", stop=longStopLoss, limit=longTakeProfit)
Pine Script™ strategy
by prashanthmandati28
Support & Resistance AI LevelScopeSupport & Resistance AI LevelScope Support & Resistance AI LevelScope is an advanced, AI-driven tool that automatically detects and highlights key support and resistance levels on your chart. This indicator leverages smart algorithms to pinpoint the most impactful levels, providing traders with a precise, real-time view of critical price boundaries. Save time and enhance your trading edge with effortless, intelligent support and resistance identification. Key Features: AI-Powered Level Detection: The LevelScope algorithm continuously analyzes price action, dynamically plotting support and resistance levels based on recent highs and lows across your chosen timeframe. Sensitivity Control: Customize the sensitivity to display either major levels for a macro view or more frequent levels for detailed intraday analysis. Easily adjust to suit any trading style or market condition. Level Strength Differentiation: Instantly recognize the strength of each level with visual cues based on how often price has touched each one. Stronger levels are emphasized, highlighting areas with higher significance, while weaker levels are marked subtly. Customizable Visuals: Tailor the look of your chart with customizable color schemes and line thickness options for strong and weak levels, ensuring clear visibility without clutter. Proximity Alerts: Receive alerts when price approaches key support or resistance, giving you a heads-up for potential market reactions and trading opportunities. Who It’s For: Whether you're a day trader, swing trader, or just want a quick, AI-driven way to identify high-probability levels on your chart, Support & Resistance AI LevelScope is designed to keep you focused and informed. This indicator is the perfect addition to any trader’s toolkit, empowering you to make more confident, data-backed trading decisions with ease. Upgrade your analysis with AI-powered support and resistance—no more manual lines, only smart levels!
Pine Script™ indicator
by paradoxalgo
Brono MacroThis indicator, developed by someone (satz) helps identify macro market trends and potential reversal points by aligning with Institutional Order Flow. It provides visual markers for key timeframes and allows traders to better time entries and exits based on larger market movements. Perfect for traders using ICT (Inner Circle Trader) concepts, it highlights critical time periods on the chart, enabling a strategic approach to trading major market trends.
Pine Script™ indicator
by Brono-Rayane
Custom AO with Open Difference**Custom AO with Open Difference Indicator** This indicator, *Custom AO with Open Difference*, is designed to help confirm trend direction based on the relationship between the daily open price and recent 4-hour open prices. It calculates the Awesome Oscillator (AO) based on the difference between the daily open price and the average of the previous six 4-hour open prices. This approach provides insight into whether the current open price is significantly diverging from recent short-term opens, which can indicate a trend shift or continuation. ### Technical Analysis and Features 1. **Trend Confirmation**: By comparing the daily open with the mean of six previous 4-hour open prices, this indicator helps identify trends. When the current daily open is below the average of recent opens, the AO value will plot as green, signaling potential upward momentum. Conversely, if the daily open is above the recent average, the histogram will plot red, suggesting possible downward momentum. 2. **Non-Repainting**: Since it relies on completed 4-hour and daily open prices, this indicator does not repaint, ensuring that all values remain fixed after the close of each period. This non-repainting feature makes it suitable for backtesting and reliable for trend confirmation without fear of historical changes. 3. **AO Mean Calculation**: The indicator calculates the average of six previous 4-hour open prices, providing a smoothed value to reduce short-term noise. This helps in identifying meaningful deviations, making the AO values a more stable basis for trend determination than using just the latest 4-hour or daily open. 4. **Histogram for Visual Clarity**: The indicator is displayed as a histogram, making it easy to identify trend changes visually. If the AO bar turns green, it’s a signal that the 4-hour average is below the daily open, suggesting an uptrend or bullish momentum. Red bars indicate that the daily open is above the recent 4-hour averages, potentially signaling a downtrend or bearish momentum. ### Practical Application The *Custom AO with Open Difference* is a versatile tool for confirming the open price trend without needing complex oscillators or lagging indicators. Traders can use this tool to gauge the market sentiment by observing open price variations and use it as a foundation for decision-making in both short-term and daily timeframes. Its non-repainting nature adds reliability for traders using this indicator as part of a broader trading strategy.
Pine Script™ indicator
by CocoPine
Technical Analysis Buy/Sell SignalsEMA Calculation: The script calculates two EMAs (short and long) for trend direction. MACD Calculation: MACD is calculated with user-defined inputs to capture momentum changes. RSI: The RSI is used to identify overbought and oversold conditions. Signal Generation: A buy signal is generated when the MACD line crosses above the signal line, RSI is below the oversold threshold, and the closing price is above the short EMA. A sell signal is generated when the MACD line crosses below the signal line, RSI is above the overbought threshold, and the closing price is below the short EMA. Alerts: Optional alerts are provided for buy and sell conditions.
Pine Script™ indicator
by prashant41092
Volumetric Rejection Blocks [UAlgo]The Volumetric Rejection Blocks is designed to help traders identify and visualize key price levels where volumetric rejections occur, which may indicate a shift in market sentiment. These rejections can signal potential trend reversals or areas where price action is likely to face support or resistance. By drawing rejection blocks based on volumetric strength, the indicator allows users to observe where significant buying or selling pressure has been exerted, which can be used as a reference point for future price action. Also indicator dynamically calculates swing highs and lows, analyzes bullish and bearish strengths based on volume-weighted price movements, and displays rejection blocks on the chart. Each rejection block represents an area where the price attempted to move beyond a certain level but faced rejection, either on a close or wick basis. This can be particularly useful for traders who rely on market structure and order flow to make informed decisions about entering or exiting trades. 🔶 Key Features Swing Length Customization: Allows users to define the swing length, helping tailor the sensitivity of the swing high and low detection to the specific market conditions. Rejection Block Visualization: Displays up to the last 10 rejection blocks based on user settings, clearly marking areas of significant bullish or bearish rejections. Volumetric Strength Analysis: The indicator calculates bullish and bearish strength for each rejection block, based on volume-weighted price movements over the last few bars, giving insight into the intensity of the rejection. Violation Check Type: Offers two options for violation detection—"Close" and "Wick". This allows traders to specify whether a price level is considered broken only if it closes beyond the level or if any wick breaches it. Bullish and Bearish Block Coloring: Rejection blocks are colored to represent bullish (green) and bearish (red) rejection areas. The color transparency can be adjusted for clear visibility overlaid on the price chart. Market Structure Labels: Labels and lines marking "Market Structure Shift" (MSS) and "Break of Structure" (BOS) are displayed, giving traders context about significant market structure changes. 🔶 Interpreting the Indicator Rejection Blocks: These colored blocks on the chart indicate areas where the price faced significant buying or selling pressure. A green block suggests a bullish rejection (support zone), where buyers absorbed the sell-off, potentially pushing the price upward. Conversely, a red block indicates a bearish rejection (resistance zone), where sellers overpowered buyers, potentially driving the price lower. Strength Analysis: The width of the green and red sections within a rejection block represents the relative bullish and bearish strengths. A wider green section indicates stronger bullish support, while a wider red section suggests more robust bearish resistance. This helps traders gauge the likelihood of price holding or breaching these levels. Market Structure Shift (MSS) and Break of Structure (BOS): The indicator automatically detects and labels significant changes in market structure. An "MSS" label indicates the first break, suggesting a potential shift in trend direction. A "BOS" label indicates a subsequent confirmation in trend direction, allowing traders to recognize potential trend continuations. Violation Check: Traders can choose how to interpret breaks of these rejection blocks. Using the "Close" option provides a more conservative approach, requiring a close beyond the level for confirmation. The "Wick" option is more aggressive, treating any wick beyond the level as a break. 🔶 Disclaimer Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals. Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator. Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies. Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses. No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Pine Script™ indicator
by UAlgo
Inversion Fair Value Gap Oscillator | Flux Charts💎 GENERAL OVERVIEW Introducing the new Inversion Fair Value Gap Oscillator (IFVG Oscillator) indicator! This unique indicator identifies and tracks Inversion Fair Value Gaps (IFVGs) in price action, presenting them in an oscillator format to reveal market momentum based on IFVG strength. It highlights bullish and bearish IFVGs while enabling traders to adjust detection sensitivity and apply volume and ATR-based filters for more precise setups. For more information about the process, check the "📌 HOW DOES IT WORK" section. Features of the new IFVG Oscillator: Fully Customizable FVG & IFVG Detection An Oscillator Approach To IFVGs Divergence Markers For Potential Reversals Alerts For Divergence Labels Customizable Styling 📌 HOW DOES IT WORK? Fair Value Gaps are price gaps within bars that indicate inefficiencies, often filled as the market retraces. An Inversion Fair Value Gap is created in the opposite direction once a FVG gets invalidated. The IFVG Oscillator scans historical bars to identify these gaps, then filters them based on ATR or volume. Each IFVG is marked as bullish or bearish according to the opposite direction of the original FVG that got invalidated. An oscillator is calculated using recent IFVGs with this formula : 1. The Oscillator starts as 0. 2. When a new IFVG Appears, it contributes (IFVG Width / ATR) to the oscillator of the corresponding type. 3. Each confirmed bar, the oscillator is recalculated as OSC = OSC * (1 - Decay Coefficient) The oscillator aggregates and decays past IFVGs, allowing recent IFVG activity to dominate the signal. This approach emphasizes current market momentum, with oscillations moving bullish or bearish based on IFVG intensity. Divergences are marked where IFVG oscillations suggest potential reversals. Bullish Divergence conditions are as follows : 1. The current candlestick low must be the lowest of last 25 bars. 2. Net Oscillator (Shown in gray line by default) must be > 0. 3. The current Bullish IFVG Oscillator value should be no more than 0.1 below the highest value from the last 25 bars. Traders can use divergence signals to get an idea of potential reversals, and use the Net IFVG Oscillator as a trend following marker. 🚩 UNIQUENESS The Inversion Fair Value Gap Oscillator stands out by converting IFVG activity into an oscillator format, providing a momentum-based visualization of IFVGs that reveals market sentiment dynamically. Unlike traditional indicators that statically mark IFVG zones, the oscillator decays older IFVGs over time, showing only the most recent, relevant activity. This approach allows for real-time insight into market conditions and potential reversals based on oscillating IFVG strength, making it both intuitive and powerful for momentum trading. Another unique feature is the combination of customizable ATR and volume filters, letting traders adapt the indicator to match their strategy and market type. You can also set-up alerts for bullish & bearish divergences. ⚙️ SETTINGS 1. General Configuration Decay Coefficient -> The decay coefficient for oscillators. Increasing this setting will result in oscillators giving the weight to recent IFVGs, while decreasing it will distribute the weight equally to the past and recent IFVGs. 2. Fair Value Gaps Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation. Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average. FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish. Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs. 3. Inversion Fair Value Gaps Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation. 4. Style Divergence Labels On -> You can switch divergence labels to show up on the chart or the oscillator plot.
Pine Script™ indicator
by fluxchart
Cross-Over Trend Detector MA 10/30"Trend Bend Cross-Over Trend Detector MA 10/30 " Indicator - Recognizing a Change in Trend "Trend Bend" is an indicator created for easy visualization of trends and their change through the crossover of two moving averages (Moving Averages - MAs). This indicator helps traders determine market direction and possible trend reversals using a simple yet effective method. Basic Script Functions and Logic Pair Moving Averages: Fast MA with a default length of 10 and Slow MA with a length of 30. The fast moving average follows the current price more closely, while the slow moving average smooths out the trend. Crossing between the two indicates a change in trend direction. Lengths can be changed according to the user's preferences and trading style. Trend Reversal Signals: When the fast moving average crosses the slow moving average from the bottom up, an "UP" signal is displayed - indicating a possible uptrend. When the fast moving average crosses the slow moving average from top to bottom, a "DOWN" signal is displayed - indicating a potential downtrend.
Pine Script™ indicator
by Kokadze